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All Forum Posts by: David K.

David K. has started 21 posts and replied 123 times.

Post: How to flip on Long Island, NY

David K.Posted
  • Rental Property Investor
  • Plainview, NY
  • Posts 123
  • Votes 28

Hello Forum,

I am a newb and have been thinking about real estate for a while now and feel ready to start investing. I am attracted to buying and flipping, not renting out for now, although i want to be able to build up to eventually buy and hold and rent.

The problem for me is that i live on Long island where the average price is so high that i dont even know where to start and how to start.

Would anyone please help me with the advise or their own success story in a similar scenario

Post: Investing remotely

David K.Posted
  • Rental Property Investor
  • Plainview, NY
  • Posts 123
  • Votes 28
Thank you Brad, Are you local to the area it remote? Would you be able to share your realtor?

Post: Investing remotely

David K.Posted
  • Rental Property Investor
  • Plainview, NY
  • Posts 123
  • Votes 28
Hello all, I am as new as they come but have decided to give it my best shot.. I am located in one of the most expensive areas (Long Island, ny) so investing into my first property locally seems like not the best option. Instead, I set my eyes on N. Myrtle beach area in SC. I am hoping to start my active pursuit by August. Please advise - if you buy remotely, do you always make trips to see the place or trust your local agent? It can be costly to make trips.. Also, what do you think about investing into this area- should I stay away from "vacation rentals"? There seem to be some interesting 4-6 unit multiples for a decent price but given that this is a vacation area how easy it is to keep them occupied? Thank you all in advance- you guys are awesome! David